Coca-Cola Femsa S.A.B. de C.V. Sep 10
Standard & Poors, September 2010
Abstract
Strong presence in the soft-drink market Coca-Cola Co.'s equity participation Strategic importance to the Coke system Strengthening financial profile Highly competitive markets Foreign currency exposure Standard & Poor's Ratings Services' ratings on Coca-Cola Femsa S.A.B. de C.V. (KOF) reflect: the company's strong business profile supported by implicit support from The Coca-Cola Co. (KO; A+/Stable/A-1) through its 31.6% stake in KOF; KOF's strategic position in Coca-Cola's Latin American distribution system; its geographic diversification throughout the region; and our expectation that the company will continue to generate significant cash flow in the next three years and maintain its intermediate financial profile, as reflected by its strong financial measures and robust cash-flow generation. Intense competition, a volatile market, and partial foreign-currency exposure related...
Companies mentioned in this report are:
- Coca-Cola Femsa S.A.B. de C.V.
- The Coca-Cola Co.
- Fomento Economico Mexicano S. A. B. de C. V.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Coca-Cola Femsa S.A.B. de C.V.
- The Coca-Cola Co.
- Fomento Economico Mexicano S. A. B. de C. V.
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